Cost of Living in Cambridge in 2020: Condominiums

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

How much does a condominium cost in Cambridge, MA?

At the end of 2012, the average cost of a condo in Cambridge, MA was $509,937.

At the end of 2015, the average cost of a condo in Cambridge, MA was $714,819..

At the end of 2018, the average cost of a condo in Cambridge, MA was $940,950.

If we look at the five quarters beginning January 1, 2019 and ending March 31, 2020:
The average sale price of a condo in Cambridge, MA at the end of this period of time was $949,753.
655 condo sales in Cambridge, MA during this period of time (1/1/19 – 3/31/20):
• 45 Sales under $500,000 (and NONE under $300,000) (7% of Cambridge condo sales)
• 415 Sales between $500,000 and $1M (63% of Cambridge condo sales)
• 124 sales between $``1M and $1.5M (19% of Cambridge condo sales)
• 7` sales for $1.5M+ (``% of Cambridge condo sales)

The heart of the condo market in Cambridge is between $600,000 and $800,00 with 214 sales in this price range during this timeframe.

Here are four Cambridge condos I listed and sold during this period of time to give you a better sense of the condo market in Cambridge, MA in 2019-2020: